Rs 450-500 crore investment: Multibagger small-cap company to set up a green field Project with a capacity of 45,000 TPA to manufacture rPET Chips/Granules in the State of Odisha

The stock gave multibagger returns of 160 per cent in 1 year and a whopping 750 per cent in 5 years.

Ganesha Ecosphere Limited announces that its wholly owned subsidiary, GANESHA ECOPET PRIVATE LIMITED, has approved a greenfield project to establish a 45,000 TPA rPET Chips/Granules manufacturing facility in Odisha. This expansion, expected to be completed within two years, will require an investment of Rs 450-500 Crore, funded through a combination of debt, equity, and internal accruals. This strategic move aligns with the company's business expansion strategy and will further strengthen its position in the rPET market.

On Wednesday, shares of Ganesha Ecosphere Ltd plunged 4.17 per cent to Rs 2,197 per share with an intraday high of Rs 2,385.30 per share and an intraday low of Rs 2,175.05 per share from its previous closing of Rs 2,292.50 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE.

Ganesha Ecosphere Ltd. is a leading PET waste recycling company in India. It manufactures Recycled Polyester Staple Fiber (RPSF), Spun yarn, and Dyed Texturized yarn. The company is the largest PET bottle recycler in India, contributing to a significant portion of the country's PET bottle waste recycling. Its diverse product portfolio caters to various applications like spinning, body warmers, flooring, and dress materials.

The company has a market cap of Rs 5,589 crore with a 3-year stock price CAGR of 66 per cent. The stock gave multibagger returns of 160 per cent in 1 year and a whopping 750 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.